Bangkok--7 May--SET
Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, will list TV Thunder pcl, an entertainment content provider for television programs on May 8, under the ticker symbol "TVT". The company has a market capitalization at its initial public offering (IPO) of THB 1.6 billion (approx. USD 48.5 million).
mai President Prapan Charoenprawatt said that TVT would list in the Services industry on mai. The company and its subsidiaries produced television contents covering variety shows, game shows, comedies and documentaries for leading television channels. Among these varieties of production, seven shows were currently on air, for example“Master Key”, “Luangta Mahachon”, “Family Fighting” and “Take Me Out Thailand”. In addition, TVT’s services included event organizing, artist management as well as pocket books publishing and distribution for social responsibility projects.
TVT has a paid-up registered capital of THB 200 million, consisting of 600 million existing common shares and 200 million newly issued shares, with a par value of THB 0.25 each. The company offered 200 million newly issued shares to the general public via IPO during April 27-29 at THB 2.00 each, for a total of THB 400 million. Asset Pro Management Co., Ltd. was its financial advisor, while Finansia Syrus Securities pcl was its underwriter.
TVT Chief Executive Officer Patraporn Wannapinyo said that TVT’s vision was to be a leading quality content provider with international acceptance. Being listed on mai would enhance the company’s financial strength. The fund raised would be used for TV production expansion, investment in TV production equipments and working capital. Presently having two production studios, three new studios were under construction to expand business amid digital TV channels growth in Thailand.
TVT's three major shareholders after the IPO are Wannapinyo’s Group (75.00 percent), Thuntimet Group (1.01 percent) and Ms. Bongkoch Nimsomboon (0.38 percent). The IPO price was equivalent to price per earnings ratio (P/E ratio) of 46.88 times, calculated by using the company's net profit in the past 12 months (1 Jan - 31 Dec 2014) of THB 34.13 million divided by fully diluted shares, representing earnings per share of THB 0.04. TVT's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.
For more information on TVT, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th and general information at the company's website at www.tvthunder.co.th, as well aswww.set.or.th.
Members of the media please contact the Public Relations Unit, Corporate Communications Dept.:
Arada Kultawanich tel: +66 (0) 2229 2796 / Darawan Maleesri tel: +66 (0) 2229 2798 / Kanokwan Khemmalai tel: +66 (0) 2229 2048.